Originally Posted by FXJJ

EW TREND
inputs: period(numeric),trigger(numeric);
vars trend(0), osc(0);
osc = EWO
if osc = @highest(osc,period) and trend = 0 then trend = 1
if osc = @lowest(osc-period) and trend = 0 then trend = -1
if @lowest(osc,period) < 0 and trend = -1 and osc < and trend -1 and
osc > -1*trigger*lowest(osc,period) then trend = -1
vice versa for highest
EWTREND=trend;
this might help

Originally Posted by RedJack

Ok lets see if this helps

Jack..

Originally Posted by MFX

Hi,

I found Elliot Wave Oscillator.i don't know if this help you.


Regards
MFX

Originally Posted by gkozlyk

I have started looking into trading the elliott wave however i would like an indicator set for MT4.

Here is some formulas that i found on another site:

I am hoping somebody could help me to add some Elliot Wave indicators to my MT studies.

1. Elliot Wave oscillator (EWO)
Parameters: hasn’t parameter.
Calculation: EWO (i) = MVA((high + low) / 2, 5) - MVA((high + low) / 2,
35).


2. Elliot Wave trend (EWTREND)
Parameters: N - number of periods, TR - trigger.
Calculation: EWTREND (i) = f (last(i), high(i), low(i), TR), where f is
logical expression,
high(i) = max (last(j)), low(i) = min (last(j)), j = [i - N, i],
last(j) = MVA((high + low) / 2, 5) - MVA((high + low) / 2, 35).


3. Elliot Wave number (EWN)
Parameters: N - number of periods, TR - trigger.
Calculation: EWN (i) = f (last(i), high(i), low(i), TR), where f is
logical expression,
high(i) = max (last(j)), low(i) = min (last(j)), j = [i - N, i],
last(j) = MVA((high + low) / 2, 5) - MVA((high + low) / 2, 35).

There are three indicator sets and the trading rules are as follows:

Long when:

1. EWN is a 'new' 3 or 5
2. EWTrend is a 0 or 1
3. EWO is positive

These 3 things must happen simultaneously

Short when:

1.EWN is a 'new' 4
2.EWTrend is a 0 or -1
3.EWO is negative

These 3 things must happen simultaneously

Exit when:

1.EWO goes from - to + or from + to -

This should work in any time frame : 15 mins seem to work very well, but try other ones e.g. 5 mins and 1 hr.

Thanx for any and all help,

Graham

Originally Posted by EACAN

Hello everyone
attached find the indicators of so called elliotwaves as available on FXCM charting service advertised by rapid forex trading i guess ..

anyways indicators


1. ElliotWave oscillator
2. Ew trend
3. Ew number


regards
Eacan